MF inflows slowed from Dec peak; cautious on PSU banks: Mahesh Patil

According to Association of Mutual Funds in India (Amfi) data, investors have poured in a net Rs 1.06 lakh crore in mutual fund schemes last month as compared to a pullout of Rs 1.75 lakh crore in December.

Even as mutual fund flows have slowed from December peak, Mahesh Patil of Aditya Birla Sun Life AMC believes that long term investors may not be affected on an overall strong market outlook.

“Investors may have pre-empted the move on long term capital gains (LTCG) in the month of January. But February data looks pretty healthy so far,” Patil, Co-Chief Investment Officer, Aditya Birla Sun Life AMC, told CNBC-TV18 in an interview.

According to Association of Mutual Funds in India (Amfi) data, investors have poured in a net Rs 1.06 lakh crore in mutual fund schemes last month as compared to a pullout of Rs 1.75 lakh crore in December.

Speaking on other sectors, Patil is upbeat on the metals space. “Metal prices have been firm and many companies have free cash flow generation. There are opportunities in the distressed assets side as well,” he told the channel, adding that globally, the steel sector is looking positive.